Brent decreased 0.46 USD/BBL or 0.75% to 60.57 on Thursday January 24 from 61.14 in the previous trading session. Historically, Brent crude oil reached an all time high of 145.61 in July of 2008 and a record low of 2.23 in May of 1970.

Brent crude oil is expected to trade at 52.22 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 48.73 in 12 months time.


Brent crude oil
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Forecast Data Chart
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Energy Price Day Weekly Monthly Yearly Date
Crude Oil 52.3068 0.21 -0.40% 0.45% 13.17% -20.15% Jan/24
Brent 60.6084 0.42 -0.69% -0.93% 11.27% -13.93% Jan/24
Natural gas 3.0660 0.09 3.09% -10.17% -13.46% -11.05% Jan/24
Gasoline 1.3791 0.01 -0.39% -3.56% 3.66% -28.00% Jan/24
Heating oil 1.8727 0.02 -0.89% -0.62% 8.02% -11.47% Jan/24
Ethanol 1.2700 0.00 0.00% 0.63% 2.42% -6.48% Jan/24
Naphtha 455.58 2.61 -0.57% -1.63% -1.07% -23.36% Jan/23
Propane 0.67 0.00 -0.33% -0.42% -2.10% -25.79% Jan/23
Uranium 28.9000 0.00 0.00% 0.00% 1.05% 25.65% Jan/23

Metals Price Day Weekly Monthly Yearly Date
Gold 1,277.05 2.46 -0.19% -1.11% 0.80% -5.24% Jan/24
Silver 15.3296 0.05 -0.33% -1.23% 1.98% -11.37% Jan/24
Platinum 789.94 4.06 -0.51% -1.87% -0.59% -21.83% Jan/24
Palladium 1,348.50 1.50 0.11% -3.40% 8.40% 23.07% Jan/24
Manganese 39.50 0.00 0.00% 0.00% -5.95% 1.28% Jan/23
Neodymium 398,000.00 0.00 0.00% -0.38% -1.12% -10.56% Jan/23
Rhodium 2,485.00 5.00 0.20% 1.02% 0.20% 47.04% Jan/23

Agricultural Price Day Weekly Monthly Yearly Date
Soybeans 911.6027 1.50 -0.16% 0.42% 4.78% -8.13% Jan/24
Wheat 525.5776 1.00 -0.19% 1.51% 3.05% 20.96% Jan/24
Cotton 73.72 0.20 0.27% -0.87% 0.30% -9.97% Jan/24
Rice 10.7300 0.03 -0.28% 2.19% 4.07% -11.29% Jan/24
Cheese 1.3890 0.00 0.14% 0.07% 0.73% -7.83% Jan/24
Palm Oil 2,200.00 9.00 0.41% 3.72% 9.07% -11.65% Jan/24
Milk 13.99 0.01 0.07% -0.50% 1.16% 0.50% Jan/24
Rubber 191.00 11.00 -5.45% 0.53% 11.70% -2.10% Jan/24
Orange Juice 117.90 1.30 -1.09% -2.48% -8.36% -21.22% Jan/23
Lumber 366.10 2.70 0.74% 1.27% 9.19% -23.41% Jan/23
Wool 1,923.00 0.00 0.00% 0.63% 3.28% 10.26% Jan/23
Tea 3.17 0.06 1.93% 7.09% 2.26% -2.76% Jan/23
Canola 486.20 0.30 0.06% 0.62% 2.62% -1.98% Jan/24
Sugar 13.06 0.09 0.69% 1.63% 5.41% -1.36% Jan/24
Oat 294.3187 0.50 -0.17% -0.48% 6.83% 12.77% Jan/24
Cocoa 2,243.00 2.00 -0.09% -3.94% -7.66% 14.44% Jan/24
Coffee 103.95 0.55 0.53% 1.51% 0.05% -15.93% Jan/24
Corn 378.4661 0.50 -0.13% -0.40% 1.40% 6.54% Jan/24

Livestock Price Day Weekly Monthly Yearly Date
Live Cattle 125.5500 0.43 0.34% -1.78% 3.87% 2.51% Jan/23
Lean Hogs 60.7750 0.70 -1.14% 1.21% 0.79% -16.14% Jan/23
Poultry 4.22 0.02 -0.47% -6.64% -7.05% 21.61% Jan/23
Beef 10.28 0.09 -0.87% -2.93% -4.55% 3.21% Jan/23
Feeder Cattle 143.0250 1.98 1.40% -0.52% -2.95% -3.26% Jan/23

Industrial Price Day Weekly Monthly Yearly Date
Copper 2.6722 0.02 -0.61% -1.03% -1.34% -16.55% Jan/24
Bitumen 2,834.00 176.00 -5.85% -0.84% 7.84% 1.94% Jan/24
Steel 3,740.00 47.00 1.27% 3.03% -1.79% -5.44% Jan/24
Cobalt 38,000 0.00 0.00% -15.56% -30.91% -52.35% Jan/23
Coal 100.02 0.57 0.57% -1.21% -2.09% -6.35% Jan/23
Lead 2,012.75 0.00 0.00% 3.13% 1.50% -22.56% Jan/23
Aluminum 1,896.25 31.00 1.67% 1.29% -0.53% -15.98% Jan/23
Tin 20,814.00 225.00 -1.09% -0.73% 5.42% -4.47% Jan/23
Zinc 2,628.00 12.00 -0.46% 3.18% 4.12% -25.66% Jan/23
Nickel 11,516.50 0.00 0.00% -1.24% 6.62% -15.71% Jan/23
Molybdenum 25,000.00 0.00 0.00% 0.00% 0.00% 58.73% Jan/23
Iron Ore 74.80 0.00 0.00% 1.08% 5.35% 0.40% Jan/23
Iron Ore 62% fe 74.5800 0.03 0.04% 0.20% 8.42% -2.14% Jan/23
Lithium 109.35 0.87 -0.79% -1.50% 6.45% -26.27% Jan/23
Soda Ash 2,080.00 0.00 0.00% 0.00% -2.04% 14.65% Jan/24

Index Price Day Weekly Monthly Yearly Date
Baltic Dry 982.00 54.00 -5.21% -10.40% -22.74% -19.31% Jan/23
CRB Index 185.42 0.33 -0.18% -0.50% 6.33% -8.54% Jan/23
LME Index 2,843.50 0.00 0.00% 1.16% 1.00% -17.22% Jan/23
S&P GSCI 2,392.49 0.00 0.00% 0.59% 10.71% -10.34% Jan/23


Brent crude oil

Brent Crude oil is a major benchmark price for purchases of oil worldwide. While Brent Crude oil is sourced from the North Sea the oil production coming from Europe, Africa and the Middle East flowing West tends to be priced relative to this oil. The Brent prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides - Brent crude oil - actual values, historical data, forecast, chart, statistics, economic calendar and news. Brent crude oil - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
60.58 61.14 145.61 2.23 1970 - 2019 USD/BBL Daily
MAR 16